Dear All
We have received some "Information technology software services" from a private company based in india for Rs. 249934/- against various bills during F.Y 10-11.
Calculations are as follows according to me:
Service Provider----Company & service recepient----Firm
TDS rate u/s 194J---for professional & technical services----- @ 10% (suecharge & education cess are not applicable)
TDS amount would be Rs. 24,993/-
M i right in above situation or not...........please let me know
Thanks in advance!